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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

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Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

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Girldeity

Girldeity

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BOQ PROFITS FROM MALADMINISTRATION so I received my determination which was in my favour however in 11 months FOS still could not get it right and therefore the bank still profits.  We had a home loan and an overdraft and the determination states that all fees interest and charges must come off the overdraft (they also gave incorrect figures) but not the home loan and we therefore must pay back approx $46,000 out of our $280,000 compensation to the bank. I have sent an email to FOS asking why their letter states that the bank cannot profit from the fraud on my overdraft but says only that fees and charges must come off the home loan. I will also be going to the Police with the fraud and how all loans are unverified AND the use of the bank engineered serviceability calculator that fudged everyone's income!   I will be lodging a complaint of...
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  • Not_Happy_ANZ
    Not_Happy_ANZ says #
    We are in a similar boat. My parents were victims of Bank Fraud - FOS agrees that the bank engaged in maladministration. However t
  • setup
    setup says #
    Fos, Cosl, Asic and the banks are very close buddies and we are not members of their club. We are the ones they make their profit
  • Aries
    Aries says #
    They worked it out right all in favour of the banks, even if they find maladministration the banks still profit with the blessing
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